Iran-aligned Houthi forces have seized the strategically vital Perim Island at the entrance to the Bab el-Mandeb Strait, potentially giving Tehran-backed fighters a powerful position over one of the world's key maritime chokepoints and threatening to further disrupt global shipping and energy supplies.
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Qatar Airways will expand its global network to more than 170 destinations during the 2026-2027 winter season, reflecting the airline’s network growth and reinforcing its position as a leader in global connectivity.
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The UAE has announced plans to invest €40 billion in Germany across a number of sectors that represent strategic and development priorities for both countries. These include industry, advanced technology, artificial intelligence, digital infrastructure and energy.
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Oil prices surged to their highest levels since May on Friday as the widening US-Iran conflict and a rapid Houthi advance in Yemen raised fears of a prolonged disruption to global crude supplies through the two strategic waterways of Hormuz and Bab al-Mandeb.
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Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
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ROX, a premier international AI technology company focused on outdoor lifestyle and adventure. has started vehicle production at its newly completed manufacturing centre in Abu Dhabi, marking a step forward in the company’s global expansion.
Samsung E&A has secured a major engineering, procurement and construction services contract worth $3.46 billion from Sabic Agri-Nutrients Company (formerly Saudi Arabian Fertilizer Company - Safco) for its integrated industrial complex. The project commissioning is targeted for Q3 2030.
Abu Dhabi-based Mubadala Investment Company has announced a significant minority investment in Luckin Coffee, alongside Centurium Capital, the company’s controlling shareholder, in a deal worth $1 billion. The investment comes as China’s coffee market continues to expand.
Majid Al Futtaim, a leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Central Asia, reported a record first-half EBITDA of AED2.5 billion ($680.74 million), a 11% increase year-on-year.
Oil prices surged above $100 a barrel on Thursday as the escalating US-Iran conflict intensified fears of a prolonged disruption to crude supplies, with attacks on tankers and a sharp decline in shipping through the Strait of Hormuz adding to market anxiety.
Dubai Holding, a diversified global investment company, has awarded the AED5 billion ($1.36 billion) construction contract for the delivery of the group’s new headquarters and Jumeirah Residences Emirates Towers to China State Construction Engineering Corporation Middle East (CSCEC ME).
Gulftainer, a leading global trade infrastructure company based in the UAE, has signed a binding agreement for a strategic investment in Suksawat Terminal on Thailand’s Chao Phraya River.
Messe Frankfurt Middle East, organiser of Paperworld Middle East, the region’s leading international trade platform for paper and stationery products, has announced the postponement of the upcoming edition.
Food delivery is entering a new phase in Dubai with Silicon Central Mall serving as the launchpad for Keeta Drone’s aerial delivery service, introducing an innovative era of airborne food and beverage delivery.
Azizi Developments, a leading private developer in the UAE, has unveiled Azizi Florence, a $8.1 billion master-planned community marking its first project in Sharjah.
Abu Dhabi-based Fertiglobe has joined hands with leading German groups Covestro, one of the world’s top manufacturers of polymer materials, and MB Energy, a leading supplier of high-tech polymer materials, to explore joint collaboration across the ammonia value chain in Europe.
The Dubai Department of Economy and Tourism (DET) will lead the emirate’s tourism ecosystem at the 33rd edition of the Arabian Travel Market (ATM), taking place from September 14 to 17 at Dubai World Trade Centre.
Abu Dhabi-based Fertiglobe has joined hands with leading German groups Covestro, one of the world’s top manufacturers of polymer materials, and MB Energy, a leading supplier of high-tech polymer materials, to explore joint collaboration across the ammonia value chain in Europe.
About 80% of organisations expect AI spending to increase over the next two years, yet more than half struggle to operationalise the business knowledge AI needs to deliver business value, finds a new study.
Dubai Healthcare City (DHCC) has announced the groundbreaking of its AED3 billion ($816 million) master-planned residential development - Dubai Creek Gardens - which on completion will boast over 1,400 residences alongside curated retail and dining offerings.
PureHealth Holding, the largest healthcare group in the Middle East, today announced the international expansion of its platform into laboratory operations across the UK, through its subsidiary, Circle Health Group, establishing PureLab’s operations in the UK.
The King Abdulaziz Foundation for Research and Archives (Darah) has launched specialised online training programmes in history and historical sources through its online training platform on FutureX.
Apple has entered the foldable smartphone race with the launch of the Duo, a passport-sized iPhone with rounded edges that opens into a 7.6-inch display. The new model features a smaller outer screen when folded and is Apple’s thinnest phone when open.
The UAE has announced plans to invest €40 billion in Germany across a number of sectors that represent strategic and development priorities for both countries. These include industry, advanced technology, artificial intelligence, digital infrastructure and energy.
stc group, a leading digital enabler, and Astranis today announced an agreement to deploy a dedicated satellite serving Saudi Arabia.
ROX, a premier international AI technology company focused on outdoor lifestyle and adventure. has started vehicle production at its newly completed manufacturing centre in Abu Dhabi, marking a step forward in the company’s global expansion.
Qatar-based Estithmar Holding said one of its key units has secured a SAR829 million ($221 million) mechanical package for the Prince Mohammed Bin Salman Stadium in Qiddiya City, a flagship Saudi giga-project and a designated venue for FIFA World Cup 2034. The scope of work includes building management system and HVAC services.
Iran-aligned Houthi forces have seized the strategically vital Perim Island at the entrance to the Bab el-Mandeb Strait, potentially giving Tehran-backed fighters a powerful position over one of the world's key maritime chokepoints and threatening to further disrupt global shipping and energy supplies.
